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For Sale by Owners - Odds of Selling

What are the chances that you will be able to sell your home yourself and get the most money possible ? .....why take that chance...!

You are missing a huge chunk of the market when you try and sell your own home....there are buyers currently working with Agents who will never know your home was for sale and so won't come to see your home

Watch the video above which explains some of the problems and pitfalls of trying to sell your own home.

Today you can try and sell your own home as well as have a mere posting on the MLS system, the movie talks about that as well.

If you've decided that you do want to try and sell your home on your own, we can help you out, by providing you the information you need to set your listing price.

We won't come to see your home or give you our professional opinion. What we can do is provide you with all of the listings that have sold recently that are most similar to your home.

You'll also receive a list of all the homes currently for sale in your area, that will be your competition. Take the time to look at all of this data and you'll have a good idea of how to price your home to sell.

Below is a detailed FSBO report by Douglas A. Gray, LL.B.

In this report, you'll find out what's involved when you decide to sell your own home, and what the benefits of using a REALTOR are. This report is not intended to persuade you to use an agent to help sell your own home, but does address all the things you should be prepared for.

Inexperience:

Not knowing what you're doing can be costly to you. Selling your own home and interacting with potential purchasers can be difficult when you have an emotional attachment.

Time committment:

Do you have the time to do open houses, write ad's and receive and qualify all the calls for appointments ?

Advertizing costs:

Do you know how to write an ad that grabs attention, or how to describe the best features of your home as a benefit. Do you know where to find buyers' ?

Limited exposure:

Limiting the market exposure on your home also limits the number of viewings, and can affect the end price. A REALTOR has access to places you don't.

Legal problems:

You might accept an offer from a buyer, written on their own form, and you might accept some terms you don't fully understand.

Lack of familiarity:

You might not have all the market data to price your home right, based on sales of really similar homes. You need to know that when you list, you've nailed the correct pricing.

No pre-screening:

Do you know what questions to ask people before allowing them into your home ? If not, you could waste a lot of time with tire kickers.

Offer price:

You might be inclined to accept an offer from a buyer thinking that it's their best offer. Are you good at negotiating that offer, or just accept it ?

Lack of skills:

Lack of sales and negotiation skills can make you feel anxious and uncomfortable when you're dealing with the sale.

Discounts:

When a buyer visits a home for sale by owner, most likely they want a deal. They want to benefit from the fact you are not paying a REALTOR and want to save that amount as well.

Buyers market:

You want to know what type of market you're in. Buyers markets mean they a buyer will be price sensitive and will have more selections. Your exposure, as well as sales and negotiation skills will be tested in this market.